the $500 they claim is for the mining and treatment of gold bearing ore from what I can deduce. That doesn’t include the cost of mining the 70 percent that doesn’t pay or the development cost to get to it. Or admin and general costs. Given the grade is approx 10 grams then you take of& 70 percent , then dilute that furtherfor development , imo actuall all in development and mined grade could be as low as 2 grams per ton . Hence why non big miners will touch it. All imo only and I could be way off track with grade.
CTO Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
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